Here’s what happened in crypto today
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
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In 2013, Wired destroyed the key to 13 BTC now worth $760K… to make a point
Wired considered donating their holdings to charity back in 2013, but instead decided the “obvious” choice was to destroy the key to their wallet holding 13 BTC. 1110 Total views 40 Total shares There has been no shortage of people and institutions that woefully underestimated the potential of cryptocurrency. Among the ranks of once-were Bitcoin…
FTX US applies for trust charter in New York
Crypto exchanges Coinbase and BitGo have previously received trust charters from New York's financial regulator, allowing the firms to offer crypto custody services. 176 Total views 46 Total shares Crypto exchange FTX US has applied for a trust charter with the New York Department of Financial Services, or NYDFS, to operate in the state. In a…
Rakuten launches NFT marketplace to capitalize on growing adoption in Japan
The explosion of NFT popularity in 2021 is continuing apace in the new year. 828 Total views 26 Total shares Major Japanese e-commerce firm Rakuten has announced the launch of its own nonfungible token (NFT) trading platform dubbed Rakuten NFT.The firm initially revealed its plans to launch a proprietary NFT marketplace in 2021 amid the…
Fundstrat Co-Founder Tom Lee: US Fed Rate Cuts Are Helping Bitcoin
Fundstrat Global Advisors co-founder Tom Lee believes that recent interest rate cuts in the United States by the Federal Reserve are a boon for Bitcoin (BTC). Lee remarked on how the rate cuts positively impact Bitcoin investment in an interview with Fox Business on July 31, saying:“Bitcoin’s becoming increasingly a macrohedge for investors against things that…
Grammy-winning producer Illmind auctions rights to new samples as NFT
The innovative NFT includes a special link that is accessible only by its owner, conferring rights to use audio files for their own purposes. 1652 Total views 13 Total shares NFTs are being used to explore a new business model that puts music makers back in control of sales and copyright issues. Grammy winning producer…
Price Analysis 5/6: BTC, ETH, XRP, BCH, BSV, LTC, BNB, EOS, XTZ, XLM
Pantera Capital Founder and CEO Dan Morehead is bullish on Bitcoin (BTC) due to the upcoming halving as he believes that “if the new supply of Bitcoin is cut in half, all else being equal, the price should rise”. If history were to repeat itself, Morehead expects the top-ranked cryptocurrency on CoinMarketCap to rally to…
DeFi and traditional finance could converge thanks to tokenization
It won’t be easy to bring DeFi to be on par with traditional finance, but tokenization can help it along, says Liquefy’s CEO. 2511 Total views 5 Total shares Nonfungible tokens could become a bridge to connect the legacy financial system to the emerging fintech world in the near future. During a recent interview, Adrian…
New Zealand’s Reserve Bank consulting public on a potential CBDC
The Reserve Bank of New Zealand will look at the potential for a CBDC “to work alongside cash as government-backed money,” and assess the issues around the emergence of crypto assets such as stablecoins. The Reserve Bank of New Zealand says a central bank digital currency might be a “solution” to the ongoing reduction in…